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Search Results 0 to 4 of about 5 (some duplicates have been removed)
CBS
Jan 24, 2013 7:00pm EST
s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors its salary obligations something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things the harder it gets. >> so put politic as side what is the solution to this budget and debt cries snis. >> well you remember bill clinton at the convention said arithmetic. it comes down to arithmetic. we've got this yawning gap between what the government takes in and what it spends. and realistically you've got to pov bot
CBS
Jan 24, 2013 5:30pm PST
fiscal deficits, concerning the debt ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde says governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator dianne feinstein of california introduced legislation today to reinstate the federal ban on assault weapons, but she acknowledged that supporters face an uphill battle. nancy cordes is at the top of that hill tonight in washington. nancy. >> reporter: scott, the bill that she and other democrats introduced today is even tougher than the assault weapons ban that congress let lapse back in 2004. this bill would ban the sale of 157 different military-style firearms. flanked by police officers doctors, and mayors, senator dianne feinstein of california made her case today for banning
CBS
Jan 21, 2013 5:30pm PST
dropped their demand for deep spending cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pas
CBS
Jan 23, 2013 5:30pm PST
battle over the debt ceiling has been put off to another day because on this day the republican-controlled house voted 285-114 to allow the government to keep borrowing the money it needs to pay its bills through mid-may. the senate and the white house are expected to go along avoiding the threat of default that would rattle financial markets. in a survey of investors by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country
Search Results 0 to 4 of about 5 (some duplicates have been removed)